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Glencore PLC (GB:GLEN)
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Glencore (GLEN) AI Stock Analysis

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GB:GLEN

Glencore

(LSE:GLEN)

Rating:61Neutral
Price Target:
304.00p
▲(3.61% Upside)
Glencore's overall stock score is driven by a positive earnings call that highlights strong performance in certain segments and shareholder returns. However, financial performance concerns, particularly in profitability and cash flow, along with bearish technical indicators and a negative P/E ratio, weigh on the score.
Positive Factors
Shareholder Returns
Using proceeds from asset sales at high valuations to repurchase its own shares at a low valuation is the ultimate arbitrage opportunity for the company.
Strategic Initiatives
Streamlining the portfolio by de-merging coal and ferroalloys into a separate entity could unlock value.
Valuation
Glencore shares have begun to recover but still appear undervalued, suggesting potential for further re-rating.
Negative Factors
Cash Flow
Weaker free cash flow led to net debt rising to $14.5bn, above forecast and consensus.
Market Conditions
Continued price weakness in coal markets and operational underperformance across key divisions are expected to exert near-term pressure on free cash flow.
Operational Performance
Operational delivery in copper has fallen short with doubts on the second half meeting guidance.

Glencore (GLEN) vs. iShares MSCI United Kingdom ETF (EWC)

Glencore Business Overview & Revenue Model

Company DescriptionGlencore plc is a leading global diversified natural resources company, headquartered in Baar, Switzerland. It operates in two main sectors: Metals and Minerals, and Energy. The company is involved in the production, sourcing, processing, and marketing of a wide range of commodities, including copper, zinc, lead, nickel, coal, oil, and agricultural products. Glencore also has an extensive logistics network that supports its trading activities, facilitating the movement of commodities across the globe.
How the Company Makes MoneyGlencore generates revenue primarily through its trading and marketing operations, which account for a significant portion of its income. The company sources raw materials from its own mining operations as well as third-party suppliers and sells them to industrial customers and other end-users. Key revenue streams include the sale of metals, minerals, and energy products, with copper and coal being particularly significant. Additionally, Glencore benefits from price fluctuations in commodity markets, which can enhance its profitability. The company also engages in long-term contracts and strategic partnerships with various stakeholders, including mining companies and energy producers, contributing to stable revenue generation. Furthermore, Glencore's integrated business model allows it to leverage its logistics capabilities to optimize supply chain efficiency and reduce costs, further enhancing its earnings potential.

Glencore Earnings Call Summary

Earnings Call Date:Aug 06, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Feb 25, 2026
Earnings Call Sentiment Positive
The earnings call reflected a positive outlook for Glencore, despite challenges in coal pricing and operational delays in copper production. Strong contributions from the zinc and gold segments, successful EVR integration, and resilient marketing performance were key highlights. The company is also focused on cost-saving initiatives and returning value to shareholders.
Q2-2025 Updates
Positive Updates
Strong Financial Performance
Despite weaker commodity markets and economic uncertainties, Glencore reported an adjusted EBITDA of $5.4 billion for the first half of 2025.
Zinc and Gold Production Success
The zinc gold business, particularly in Kazakhstan, showed strong results despite low coal prices.
EVR Acquisition Contribution
EVR contributed $786 million to adjusted EBITDA, highlighting successful integration and value creation.
Marketing Business Resilience
Adjusted marketing EBIT reached $1.4 billion, annualizing above the middle of the old range, with an increase in the marketing range to $2.3 billion to $3.5 billion.
Cost Savings Initiatives
Glencore announced approximately $1 billion in annualized cost savings, with significant operational and structural improvements.
Shareholder Returns
Glencore announced $3.2 billion in shareholder returns, including dividends and buybacks.
Negative Updates
Coal Price Decline
Coal prices fell significantly, with Newcastle prices down 21% and hard coking coal prices down 33% year-over-year, impacting industrial EBITDA.
Cobalt Sales Challenges
Cobalt sales were impacted by stockpiling due to export bans, affecting cash flow and operational performance in the DRC.
Operational Delays in Copper Production
Copper production was heavily weighted towards the second half of the year, causing temporary operational challenges.
Energy Market Volatility
Energy and steel marketing faced challenging conditions with geopolitical uncertainties, impacting earnings in those segments.
Company Guidance
During the Glencore 2025 Half Year Results Conference Call, the company provided detailed guidance on its financial performance and future expectations. Glencore reported an adjusted EBITDA of $5.4 billion for the first half of 2025, with $3.8 billion coming from its industrial asset business despite low coal prices. The company highlighted a strong performance from its zinc gold business in Kazakhstan and noted a temporary mismatch in copper production, with 60% expected in the second half. The marketing business achieved an adjusted EBIT of $1.4 billion, surpassing the middle of its previous range, prompting an increase in the marketing range to $2.3 billion to $3.5 billion ex Viterra. Glencore's net debt to adjusted EBITDA ratio stood at 1.08, slightly over its 1x target, and the company generated $4.3 billion in cash from operating activities. Shareholder returns for 2025 were announced at $3.2 billion, including base dividends and up to $2 billion in buybacks. The company also outlined approximately $1 billion in annualized cost savings across its operations by 2026, primarily from coal, copper, and zinc-nickel divisions.

Glencore Financial Statement Overview

Summary
Glencore's financial performance is mixed, with revenue growth but declining profit margins and profitability challenges. The balance sheet is stable but shows increasing leverage, and cash flows are robust in operations but declining in free cash flow growth.
Income Statement
60
Neutral
Glencore's income statement reflects a volatile performance with significant fluctuations in revenue and profitability. The gross profit margin has decreased over the years, falling to 2.88% in 2024 from 4.95% in 2023. The net profit margin turned negative in 2024 at -0.71%, a decline from 1.96% in 2023, indicating profitability challenges. Revenue growth from 2023 to 2024 was modest at 6.01%, but this follows a substantial decline from 2022. Despite a positive EBITDA margin of 3.69% in 2024, the absence of EBIT highlights operational challenges.
Balance Sheet
70
Positive
The balance sheet indicates a stable equity base with a debt-to-equity ratio of 0.94 in 2024, which is manageable but has increased from previous years. The equity ratio stands at 31.17%, down from 35.17% in 2023, suggesting increased leverage. Return on equity turned negative in 2024 at -4.02%, reflecting profitability issues. Overall, the balance sheet shows reasonable stability, but rising leverage and diminished equity returns pose concerns.
Cash Flow
65
Positive
Cash flow analysis shows a decrease in free cash flow from 2023 to 2024, reflecting a negative growth rate of -32.15%. The operating cash flow to net income ratio is 6.15 in 2024, indicating strong operating cash flows relative to net income, despite the latter being negative. The free cash flow to net income ratio is -2.72, highlighting cash flow challenges. Overall, the company maintains robust operating cash generation, but declining free cash flow growth and negative net income are concerning.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue230.94B217.83B255.98B203.75B142.34B
Gross Profit6.28B10.78B27.26B12.38B3.70B
EBITDA9.85B15.32B32.23B16.03B3.13B
Net Income-1.63B4.28B17.32B4.97B-1.90B
Balance Sheet
Total Assets130.46B123.87B132.58B127.51B118.00B
Cash, Cash Equivalents and Short-Term Investments2.17B1.95B1.97B2.69B1.42B
Total Debt38.11B32.24B28.78B34.64B37.48B
Total Liabilities94.80B85.63B87.36B90.59B83.60B
Stockholders Equity40.67B43.58B49.41B39.93B37.64B
Cash Flow
Free Cash Flow4.44B6.55B9.48B5.24B-905.00M
Operating Cash Flow10.05B11.04B13.66B8.86B2.66B
Investing Cash Flow-11.72B-3.56B-1.72B-541.00M-2.71B
Financing Cash Flow2.14B-7.49B-13.20B-6.52B-320.00M

Glencore Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price293.40
Price Trends
50DMA
298.71
Negative
100DMA
281.84
Positive
200DMA
313.17
Negative
Market Momentum
MACD
-2.34
Positive
RSI
47.01
Neutral
STOCH
32.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:GLEN, the sentiment is Neutral. The current price of 293.4 is below the 20-day moving average (MA) of 294.71, below the 50-day MA of 298.71, and below the 200-day MA of 313.17, indicating a bearish trend. The MACD of -2.34 indicates Positive momentum. The RSI at 47.01 is Neutral, neither overbought nor oversold. The STOCH value of 32.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:GLEN.

Glencore Risk Analysis

Glencore disclosed 11 risk factors in its most recent earnings report. Glencore reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Glencore Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
£77.99B9.4118.43%6.26%-3.50%-7.04%
61
Neutral
$10.31B6.180.76%2.94%3.30%-36.34%
61
Neutral
£34.76B-5.26%2.55%-1.06%-285.88%
$32.12B-9.21%1.00%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:GLEN
Glencore
293.40
-100.06
-25.43%
AAUKF
Anglo American
29.86
1.08
3.75%
GB:RIO
Rio Tinto
4,570.00
90.49
2.02%

Glencore Corporate Events

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with UBS Transaction
Positive
Aug 18, 2025

Glencore PLC has announced a transaction involving the purchase of 9.3 million of its own shares from UBS AG as part of its ongoing share buy-back program. The shares were purchased at a net price of CHF 2.1059 per share, with the transaction being part of a strategy to reduce the number of shares in circulation, thus potentially increasing shareholder value. This buy-back program, initiated in July 2025, is expected to conclude by February 2026 and aligns with Glencore’s strategic financial management to optimize its capital structure.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Recent Share Purchase
Positive
Aug 11, 2025

Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at prices ranging from £2.8435 to £2.8885, with a volume-weighted average price of £2.8714. These repurchased shares will be held in treasury, increasing the total number of treasury shares to over 1.26 billion. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, and reflects the company’s strategic efforts to manage its capital structure and enhance shareholder value.

Stock Buyback
Glencore Advances Share Buyback Program with Recent Share Acquisition
Positive
Aug 8, 2025

Glencore plc has announced the purchase of 2,000,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buyback program. The repurchased shares will be held in treasury, and this transaction is part of the second phase of the buyback initiative expected to conclude in February 2026. This move is likely to impact the company’s share value and market positioning by potentially increasing shareholder value and optimizing capital structure.

Other
Glencore Announces Share Acquisition by Director’s Associate
Positive
Aug 7, 2025

Glencore announced a transaction involving the on-market acquisition of 5,000 ordinary shares by Fiona Jane Gilbert, closely associated with Martin Gilbert, a Non-Executive Director at Glencore. The transaction, conducted on the London Stock Exchange at a price of GBP 2.77 per share, highlights the ongoing financial activities within the company. This acquisition reflects internal confidence in Glencore’s market position and could have implications for investor perceptions and stakeholder interests.

Other
Glencore Announces Insider Share Acquisition
Neutral
Aug 7, 2025

Glencore has announced a transaction involving the acquisition of 5,000 ordinary shares by Mhairi Jane Davidson Gilbert, closely associated with Martin Gilbert, a Non-Executive Director at Glencore. This transaction, conducted on the London Stock Exchange at a price of GBP 2.77 per share, reflects ongoing insider activities within the company, potentially impacting investor perceptions and market dynamics.

Stock Buyback
Glencore Advances Share Buy-Back Program with Recent Purchase
Neutral
Aug 7, 2025

Glencore plc announced the repurchase of 3 million of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back program. The shares were bought at prices ranging from £2.8600 to £2.9590, with an average price of £2.8806. This transaction is part of the second phase of the company’s buy-back initiative, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, affecting the total number of voting rights and potentially impacting shareholder calculations under the FCA’s regulations.

Stock BuybackBusiness Operations and Strategy
Glencore Cancels 50 Million Treasury Shares to Optimize Capital Structure
Neutral
Aug 6, 2025

Glencore announced the cancellation of 50 million treasury shares, aligning with its policy to keep treasury shares below 10% of the total issued share capital. This move reduces the company’s treasury shares to approximately 9.57% of the total issued share capital, potentially impacting its market positioning and shareholder value.

M&A TransactionsStock BuybackBusiness Operations and StrategyFinancial Disclosures
Glencore’s Strategic Review and Financial Outlook Amid Market Challenges
Neutral
Aug 6, 2025

In its 2025 half-year report, Glencore announced a strategic review of its industrial portfolio, identifying $1 billion in recurring cost savings to be achieved by 2026. Despite a 14% decrease in Adjusted EBITDA to $5.4 billion due to weaker coal prices and lower copper production, the company remains optimistic about future cash flow and debt reduction, bolstered by the sale of Viterra and a planned $1 billion share buyback. Glencore’s marketing and industrial operations are positioned to adapt to global commodity demands, despite geopolitical uncertainties.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Latest Purchase
Positive
Aug 6, 2025

Glencore plc has announced the purchase of 900,000 of its own ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at prices ranging from £2.9925 to £3.0425 and will be held in treasury. This transaction is part of the second phase of Glencore’s buy-back initiative, which is set to conclude in February 2026, and reflects the company’s strategy to manage its capital structure and return value to shareholders.

Stock BuybackBusiness Operations and Strategy
Glencore Commences Off-Market Share Buy-Backs in Strategic Move
Neutral
Aug 5, 2025

Glencore has announced the approval of a special resolution at its General Meeting, authorizing the company to undertake off-market share buy-backs through a contract with UBS AG. This initiative is part of a broader program to repurchase shares worth up to USD 1 billion, with UBS set to commence weekly off-market purchases from 11 August 2025. The move is expected to impact Glencore’s financial structure and market positioning, as the company continues to manage its share capital actively.

Stock Buyback
Glencore Advances Share Buy-Back Program with Latest Purchase
Positive
Aug 5, 2025

Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at prices ranging from £2.9885 to £3.0260, with a volume-weighted average price of £3.0054. These shares will be held in treasury, and this transaction is part of the second phase of the buy-back program expected to conclude in February 2026. This move is likely to impact Glencore’s shareholder value and market positioning by potentially enhancing earnings per share and providing a signal of confidence in the company’s financial health.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with New Purchase
Positive
Aug 4, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were purchased at prices ranging from £2.9750 to £3.0695, with a volume-weighted average price of £3.0050. These shares will be held in treasury, and the buy-back program is expected to be completed by February 2026. This move is part of Glencore’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market positioning and shareholder interests.

Regulatory Filings and Compliance
Glencore Updates Share Capital and Voting Rights
Neutral
Aug 1, 2025

Glencore announced that as of July 31, 2025, its issued share capital consisted of 13,225,000,000 ordinary shares, with 11,915,490,959 shares carrying voting rights after accounting for treasury shares. This information is crucial for shareholders to determine their notification obligations under the FCA’s Disclosure Guidance and Transparency Rules. The announcement reflects Glencore’s ongoing commitment to transparency and regulatory compliance, impacting how stakeholders assess their interests in the company.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back with 900,000 Share Purchase
Positive
Aug 1, 2025

Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at prices ranging from £2.9745 to £3.0450, with a volume-weighted average price of £3.0053. These shares will be held in treasury, contributing to the company’s strategic financial management and potentially impacting shareholder value by reducing the number of shares in circulation. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, reflecting the company’s commitment to returning value to shareholders.

Stock Buyback
Glencore Advances Share Buy-Back Program with Recent Purchase
Positive
Jul 31, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at a volume-weighted average price of £3.1052 per share and will be held in treasury. This transaction is part of the second phase of the company’s buy-back program, which is expected to conclude in February 2026, and aims to enhance shareholder value by reducing the number of shares in circulation.

Business Operations and StrategyFinancial Disclosures
Glencore Reports 5% Production Increase and $1 Billion Cost Savings Opportunity
Positive
Jul 30, 2025

Glencore’s half-year production report for 2025 highlights a 5% increase in copper equivalent production compared to the previous year, driven by the integration of EVR’s steelmaking coal volumes. The company identified $1 billion in cost-saving opportunities and revised its long-term marketing EBIT guidance upward, despite the exclusion of Viterra earnings. Key production metrics showed varied performance across different commodities, with notable increases in cobalt and zinc production, while copper and ferrochrome production saw declines. The report underscores Glencore’s strategic focus on optimizing its industrial operations and achieving value-accretive growth, with implications for improved cost efficiency and production guidance adjustments.

Stock Buyback
Glencore Advances Share Buy-Back Program with Recent Repurchase
Neutral
Jul 30, 2025

Glencore PLC announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at prices ranging from £3.0505 to £3.1670, with a volume-weighted average price of £3.0919. This transaction is part of the second phase of the company’s buy-back initiative, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, impacting the total number of voting rights and potentially influencing shareholder interests under the FCA’s Disclosure Guidance and Transparency Rules.

Stock Buyback
Glencore Advances Share Buy-Back Program with Recent Repurchase
Positive
Jul 29, 2025

Glencore plc has announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, and this transaction is part of the second phase of the buy-back program, expected to conclude in February 2026. This move is likely to impact the company’s share value and voting rights distribution, as it adjusts its capital structure and potentially enhances shareholder value.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Recent Purchase
Positive
Jul 28, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at a volume-weighted average price of £3.1917 and will be held in treasury. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, and it reflects the company’s strategy to manage its capital structure and return value to shareholders.

Stock Buyback
Glencore Advances Share Buy-Back Program with New Purchase
Positive
Jul 25, 2025

Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, bringing the total number of shares held in treasury to over 1.3 billion. This transaction is part of the second phase of Glencore’s buy-back initiative, which is expected to conclude in February 2026. The move is likely to impact the company’s share value and voting rights, as it adjusts its capital structure and enhances shareholder value.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Recent Purchase
Positive
Jul 24, 2025

Glencore plc has announced the purchase of 900,000 of its own ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, and this transaction is part of the second phase of the buy-back initiative, which is expected to conclude in February 2026. This move is likely aimed at enhancing shareholder value and optimizing capital structure, reflecting the company’s strategic focus on returning value to its investors.

Stock Buyback
Glencore Advances Buy-Back Program with New Share Purchase
Neutral
Jul 23, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back program. The shares were bought at prices ranging from £3.1895 to £3.2550, with a volume-weighted average price of £3.2208. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, and the total number of voting rights remains unchanged, allowing shareholders to calculate their interests under the FCA’s Disclosure Guidance and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with UBS
Positive
Jul 22, 2025

Glencore plc announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back program. The shares were acquired at prices ranging from £3.0955 to £3.1715, with an average price of £3.1303 per share. This transaction is part of the second phase of Glencore’s buy-back initiative, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, and the company now holds over 1.3 billion shares in treasury, with nearly 11.9 billion shares remaining in circulation. This strategic move is likely to impact Glencore’s market positioning by potentially enhancing shareholder value and adjusting the company’s capital structure.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Recent Purchase
Positive
Jul 21, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, and this transaction is part of the second phase of the buy-back initiative expected to conclude in February 2026. This move is aimed at consolidating the company’s share value and providing a strategic advantage in its market positioning.

Stock Buyback
Glencore Advances Share Buy-Back Programme with Latest Repurchase
Neutral
Jul 18, 2025

Glencore plc has announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back programme. The shares were bought at prices ranging from £3.0340 to £3.1040, with a volume-weighted average price of £3.0578. This transaction is part of the second phase of the company’s buy-back initiative, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, increasing the total number of shares held in treasury to over 1.3 billion. This move is likely to impact the company’s share value and voting rights structure, providing shareholders with updated figures for calculating their interests under the FCA’s Disclosure Guidance and Transparency Rules.

Shareholder MeetingsStock Buyback
Glencore Seeks Shareholder Approval for New Buy-Back Structure
Neutral
Jul 17, 2025

Glencore has announced a General Meeting scheduled for August 5, 2025, to seek shareholder approval for an alternative share buy-back structure. This initiative aims to preserve Swiss capital contribution reserves and mitigate Swiss withholding tax charges, following the receipt of necessary clearances from the Swiss Federal Tax Administration. The new structure involves a contract with UBS AG to facilitate off-market share purchases for cancellation, continuing the company’s 2025/2026 buy-back program.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with 900,000 Share Purchase
Positive
Jul 17, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at prices ranging from £3.0585 to £3.1065, with a volume-weighted average price of £3.0791. These shares will be held in treasury, contributing to the company’s strategic financial management and potentially impacting shareholder value by reducing the number of shares in circulation. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, reflecting the company’s commitment to returning value to its shareholders.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Recent Repurchase
Positive
Jul 16, 2025

Glencore PLC has announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. This transaction, which is part of the second phase of the buy-back initiative expected to conclude in February 2026, reflects Glencore’s strategy to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and strengthening its market position.

Business Operations and StrategyFinancial Disclosures
Glencore Announces 2025 Half-Year Production Report and Results Presentation
Neutral
Jul 15, 2025

Glencore plc has announced the release schedule for its 2025 Half-Year Production Report and Results Presentation. The Production Report will be available on 30 July 2025, with the Results Presentation following on 6 August 2025, including a live audio webcast and downloadable presentation slides. These announcements are crucial for stakeholders as they provide insights into the company’s operational performance and strategic direction.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Recent Purchase
Neutral
Jul 15, 2025

Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at a volume-weighted average price of £3.1323 and will be held in treasury, contributing to the company’s strategic financial management and potentially impacting shareholder value.

Stock Buyback
Glencore Advances Share Buy-Back Program with Recent Purchases
Positive
Jul 14, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at prices ranging from £3.0805 to £3.1320, with a volume-weighted average price of £3.1032. These transactions are part of the second phase of the company’s buy-back initiative, which is expected to conclude in February 2026. This move is likely to impact the company’s share value and shareholder returns, as it reduces the number of shares in circulation, potentially increasing earnings per share and enhancing shareholder value.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with New Purchase
Positive
Jul 11, 2025

Glencore plc has announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back program. The shares, purchased at a volume-weighted average price of £3.1005, will be held in treasury, increasing the company’s treasury shares to over 1.29 billion. This move is part of the second phase of Glencore’s buy-back initiative, which is set to conclude in February 2026, and reflects the company’s strategy to enhance shareholder value and optimize its capital structure.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-back with 900,000 Share Repurchase
Positive
Jul 10, 2025

Glencore plc announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at prices ranging from £2.9685 to £3.0530, with an average price of £2.9948, and will be held in treasury. This transaction is part of the second phase of the company’s buy-back initiative, which is expected to conclude in February 2026, and reflects Glencore’s strategy to manage its capital structure and return value to shareholders.

Stock Buyback
Glencore Advances Share Buy-Back Program with Recent Purchase
Neutral
Jul 9, 2025

Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, bringing the total number of shares held in treasury to over 1.29 billion. This transaction is part of the second phase of the company’s buy-back initiative, which is expected to conclude in February 2026. The move is likely to impact the company’s share value and voting rights structure, potentially influencing shareholder decisions and market perceptions.

Stock Buyback
Glencore Advances Share Buy-Back Program with 900,000 Share Purchase
Positive
Jul 9, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at prices ranging from £3.0125 to £3.0800, with a volume-weighted average price of £3.0547. These repurchased shares will be held in treasury, and the transaction is part of the second phase of Glencore’s buy-back initiative, expected to conclude in February 2026. This move is likely to impact the company’s share value and voting rights, as it adjusts its capital structure and enhances shareholder value.

Stock BuybackBusiness Operations and Strategy
Glencore Continues Share Buy-Back with Latest Purchase
Neutral
Jul 8, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, and this transaction is a continuation of the company’s strategy to manage its capital structure effectively, with the buy-back program expected to conclude in February 2026.

Stock Buyback
Glencore Launches $1 Billion Share Buy-Back Programme
Positive
Jul 7, 2025

Glencore plc has announced a share buy-back programme valued at up to USD 1 billion, aiming to reduce the company’s capital by purchasing its own shares. The programme, conducted in partnership with UBS AG, aligns with Glencore’s financial policies and is expected to be completed by February 2026. The company is also exploring alternative buy-back structures to manage capital reserves and mitigate Swiss tax impacts, with updates anticipated soon.

M&A TransactionsStock BuybackBusiness Operations and Strategy
Glencore Completes Viterra-Bunge Merger and Announces Share Buyback
Positive
Jul 2, 2025

Glencore has announced the completion of the merger between Viterra and Bunge Global S.A., resulting in Glencore acquiring 32.8 million shares in Bunge, equivalent to a 16.4% stake in the enlarged company, and approximately $900 million in cash. The company plans to initiate a share buyback program worth up to $1 billion, leveraging the value of its Bunge shareholding. This strategic move is expected to optimize Glencore’s capital allocation and strengthen its financial position, potentially impacting its market standing and providing value to its stakeholders.

Regulatory Filings and Compliance
Glencore Announces Total Voting Rights Update
Neutral
Jul 1, 2025

Glencore has announced its total voting rights as of June 30, 2025, with an issued share capital of 13,225,000,000 ordinary shares, of which 11,932,590,959 carry voting rights. This figure is crucial for shareholders to determine their interests under the Financial Conduct Authority’s rules. This announcement reflects Glencore’s commitment to transparency and regulatory compliance, impacting shareholder engagement and market positioning.

Regulatory Filings and Compliance
Glencore Releases 2024 Payments to Governments Report
Neutral
Jun 17, 2025

Glencore plc has published its 2024 Payments to Governments Report, meeting regulatory requirements for transparency and disclosure. This report, now available on their website, reflects Glencore’s ongoing commitment to transparency in its financial dealings with governments, potentially impacting its reputation and stakeholder trust within the natural resources industry.

Stock Buyback
Glencore Concludes Share Buy-Back Program
Positive
Jun 16, 2025

Glencore has successfully completed its share buy-back program, repurchasing 268,121,000 ordinary shares between February and June 2025. This move strengthens the company’s financial position by holding a significant number of shares in treasury, potentially enhancing shareholder value and influencing market dynamics.

Stock Buyback
Glencore Advances Share Buy-Back Program with Recent Purchases
Positive
Jun 16, 2025

Glencore plc has announced the purchase of 2,121,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, affecting the total number of voting rights available to shareholders. This move is part of a previously announced buy-back initiative expected to conclude by August 2025, which aims to optimize capital structure and enhance shareholder value.

M&A TransactionsBusiness Operations and Strategy
Glencore Announces Imminent Viterra-Bunge Merger Completion
Positive
Jun 16, 2025

Glencore has announced that all regulatory conditions for the merger of Viterra with Bunge have been satisfied, with the transaction expected to close in early July. This merger is significant for Glencore as it may enhance its market positioning and operational capabilities in the natural resources sector, potentially impacting stakeholders positively by expanding its global reach and service offerings.

Stock Buyback
Glencore Advances Share Buy-Back Program with Latest Purchase
Positive
Jun 13, 2025

Glencore PLC announced the repurchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program. The shares were bought at prices ranging from 283.95p to 288.40p, with an average price of 286.36p per share. This transaction increases the company’s treasury shares to 1,290,288,041, while the total number of shares in issue remains at 11,934,711,959. The buy-back program, which aims to optimize the capital structure and enhance shareholder value, is expected to conclude by August 6, 2025.

Stock Buyback
Glencore Advances Share Buy-Back Program with Latest Purchase
Positive
Jun 12, 2025

Glencore plc has announced the purchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program. The repurchased shares will be held in treasury, and this transaction is part of a larger buy-back initiative expected to conclude by August 2025, which aims to optimize the company’s capital structure and provide value to shareholders.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Latest Purchase
Positive
Jun 11, 2025

Glencore PLC has announced the repurchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program. The shares, purchased at an average price of 290.50p, will be held in treasury, impacting the total number of voting rights available to shareholders. This move is part of a broader strategy to manage the company’s capital structure and enhance shareholder value, with the buy-back program expected to conclude by August 2025.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Recent Purchase
Neutral
Jun 10, 2025

Glencore plc has announced the purchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buy-back program. The shares were bought at an average price of 290.09p and will be held in treasury, affecting the total number of voting rights. This move is part of a strategic buy-back initiative expected to conclude by August 2025, potentially impacting shareholder interests and market perception of the company’s financial health.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Recent Purchase
Positive
Jun 9, 2025

Glencore plc has announced the purchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buy-back program. The shares will be held in treasury, and the buy-back initiative, which began in February 2025, is expected to conclude by August 2025. This move is part of Glencore’s strategy to manage its capital structure and potentially enhance shareholder value. The transaction details, including the volume-weighted average price and the trading venues, were disclosed, providing transparency to shareholders and aligning with regulatory requirements.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Recent Purchases
Neutral
Jun 6, 2025

Glencore plc has announced the repurchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program. These shares will be held in treasury, and the transaction is part of a broader strategy expected to conclude by August 2025, potentially impacting shareholder voting rights and market perception.

Stock BuybackBusiness Operations and Strategy
Glencore Enhances Capital Structure with Share Buy-Back
Positive
Jun 5, 2025

Glencore plc has announced the purchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buy-back program. This transaction, executed through Citigroup Global Markets Limited, reflects Glencore’s strategic initiative to manage its capital structure and enhance shareholder value. The repurchased shares will be held in treasury, affecting the total number of voting rights and potentially influencing shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Programme with Latest Purchase
Positive
Jun 4, 2025

Glencore PLC has announced the repurchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back programme. This transaction, executed through Citigroup Global Markets Limited, is part of a broader strategy to manage the company’s capital structure and enhance shareholder value, with the programme expected to conclude by 6 August 2025.

Stock Buyback
Glencore Continues Share Buy-Back Program with Latest Purchase
Positive
Jun 3, 2025

Glencore PLC announced the purchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program, which is set to conclude by August 2025. This transaction, executed through Citigroup Global Markets Limited, aims to manage the company’s capital structure and enhance shareholder value, with the repurchased shares held in treasury.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Latest Purchase
Neutral
Jun 2, 2025

Glencore PLC announced the repurchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program. The shares were acquired at prices ranging from 276.45p to 285.80p, with a volume-weighted average price of 282.50p. This transaction is part of a broader strategy to manage the company’s capital structure and is expected to be completed by August 2025, potentially impacting shareholder value and market perception.

Stock Buyback
Glencore Advances Share Buy-Back Program with Recent Purchase
Positive
May 30, 2025

Glencore plc announced the purchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buy-back program. The shares were bought at a volume-weighted average price of 278.19 pence and will be held in treasury. This transaction is part of a buy-back initiative expected to conclude by August 2025, which aims to optimize the company’s capital structure and potentially enhance shareholder value.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Recent Purchase
Positive
May 30, 2025

Glencore plc has announced the purchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buy-back program, which is expected to conclude by August 2025. This transaction, executed through Citigroup Global Markets Limited, reflects Glencore’s strategic efforts to manage its capital structure and enhance shareholder value, with the repurchased shares held in treasury impacting the total number of voting rights for shareholders.

Stock Buyback
Glencore Advances Share Buyback Programme with Recent Purchase
Neutral
May 29, 2025

Glencore plc announced the repurchase of 3,250,000 of its ordinary shares on the London Stock Exchange, as part of its ongoing buy-back programme. The shares will be held in treasury, affecting the total number of voting rights and potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

Executive/Board ChangesShareholder MeetingsBusiness Operations and Strategy
Glencore’s 2025 AGM Resolutions Approved, Strengthening Strategic Initiatives
Positive
May 28, 2025

Glencore announced that all resolutions proposed at its 2025 Annual General Meeting were approved, including special resolutions on capital contribution reserves and share conversion. The re-election of several directors and the appointment of Deloitte LLP as auditors were also confirmed. This outcome reflects strong shareholder support and positions Glencore to continue its strategic initiatives in the natural resources sector.

Stock Buyback
Glencore Advances Share Buy-Back Program with Latest Purchase
Neutral
May 28, 2025

Glencore PLC announced the purchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buy-back program. The shares, bought at an average price of 272.75p, will be held in treasury, impacting the total number of voting rights. This transaction is part of a broader buy-back initiative expected to conclude by August 2025, which aims to optimize the company’s capital structure and return value to shareholders.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-back Program with Recent Repurchase
Positive
May 27, 2025

Glencore PLC has announced the repurchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buy-back program. The shares were bought at prices ranging from 261.85p to 271.95p, with a volume-weighted average price of 268.41p. These shares will be held in treasury, and the buy-back program is expected to conclude by August 2025. This move is part of Glencore’s strategy to manage its capital structure and return value to shareholders, potentially impacting the company’s market positioning and shareholder interest calculations.

Business Operations and StrategyRegulatory Filings and Compliance
The Capital Group Reduces Stake in Glencore PLC
Neutral
May 23, 2025

The Capital Group Companies, Inc., a major shareholder in Glencore PLC, has reduced its voting rights from 5.19% to 4.91%. This change was due to an acquisition or disposal of voting rights, as notified on May 22, 2025. The adjustment in voting rights reflects a strategic decision by The Capital Group, which manages various investment companies and does not own shares for its own account, but rather on behalf of its clients. This development could impact Glencore’s shareholder dynamics and influence future corporate decisions.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Recent Repurchase
Positive
May 23, 2025

Glencore plc has announced the repurchase of 3.25 million of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program, which is expected to conclude by August 2025. This transaction, conducted through Citigroup Global Markets Limited, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value, with the repurchased shares held in treasury affecting the total number of voting rights available.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Latest Purchase
Positive
May 22, 2025

Glencore PLC has announced the purchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program, which is set to conclude by August 2025. This transaction, executed by Citigroup Global Markets Limited, reflects Glencore’s strategic effort to manage its capital structure and enhance shareholder value, with the repurchased shares held in treasury affecting the total number of voting rights available to shareholders.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Programme
Neutral
May 21, 2025

Glencore PLC has repurchased 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back programme, which is set to conclude by August 2025. This transaction, involving shares held in treasury, impacts the total number of voting rights and is part of a strategic move to manage shareholder interests under the FCA’s guidelines.

Stock BuybackBusiness Operations and Strategy
Glencore Advances Share Buy-Back Program with Recent Purchase
Positive
May 20, 2025

Glencore PLC announced the repurchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program. The shares were purchased at a volume-weighted average price of 263.82p and will be held in treasury, impacting the total number of voting rights. This move is part of a broader strategy to manage the company’s capital structure and enhance shareholder value, with the buy-back program expected to conclude by August 2025.

Stock BuybackBusiness Operations and Strategy
Glencore Executes Share Buyback on London Stock Exchange
Positive
May 19, 2025

Glencore PLC announced the repurchase of 3,250,000 of its ordinary shares on the London Stock Exchange as part of its ongoing buy-back program, which is set to conclude by August 2025. This transaction, executed through Citigroup Global Markets Limited, reflects Glencore’s strategy to manage its capital structure and return value to shareholders, impacting the total number of voting rights and potentially influencing shareholder interests.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 19, 2025